Dons Statement - eye watering 90% wages to turnover...

[Viva_Palmeiras]

ouch!

https://twitter.com/aberdeenfc/status/1361023883281899521?s=21 (https://twitter.com/aberdeenfc/status/1361023883281899521?s=21)

sorry predictive text is crop. Cant seem to change the “Done” to “Dons”

[Pretty Boy]

That's crazy and things seem far from rosy in the garden.

If we can finish 3rd this year and pick up the European payday then we really could start to motor away from them. They are all but saying costs have to be cut and quickly.

[Franck Stanton]

Serves them right for gazumping most of the players we were trying to sign at start of season. Hell mend them, paying over the odds in wages to ensure they signed them & not us.

[Viva_Palmeiras]

That's crazy and things seem far from rosy in the garden.

If we can finish 3rd this year and pick up the European payday then we really could start to motor away from them. They are all but saying costs have to be cut and quickly.

when folks are doing bat-**** crazy stuff like that ratio (I’m assuming that’s the impact of COViD and would not ordinarily be the case) then you can’t be going toe-to-toe with them unless you have a lower cost base or higher. In a game of last-man standing then just let them punch themselves out.

Doesn’t seem like they are cutting their cloth. That could end in tears should third elude them.

[Viva_Palmeiras]

Serves them right for gazumping most of the players we were trying to sign at start of season. Hell mend them, paying over the odds in wages to ensure they signed them & not us.

Yup “break the bank” should really be wiped from sensible football parlance

RBS edged out Barclays in purchasing AMB-Ambro. That turned out to be a millstone for RBS that would bring them down. Winners curse. Know your budget abs stick to it. Look at Nisbet - we knew when to walk away.

[007]

Bottled out of their Q&A because they knew they'd be in for a tough time.

[Viva_Palmeiras]

Thanks Admins for fixing the title!

[Peevemor]

Our own wage/turnover ratio will probably be well higher than the normal 60ish%. This is to be expected given the reduced income.

[1van Sprou7e]

They're becoming a bit of a joke now..

Now there are suspicions that the club are putting up pro-McInnes banners..:tee hee:

https://twitter.com/In_Ludo_Veritas/status/1360667776998850560?s=19

[Since452]

Aberdeen glory years coming to an end. Club on a natural decline. Had a good 7/8 year run at it.

[Viva_Palmeiras]

Our own wage/turnover ratio will probably be well higher than the normal 60ish%. This is to be expected given the reduced income.

yup I guess with our folks on shorter term contracts our liability is not a long term one. We’ve taken care on signing the likes of Jackson and co til end of season curious to see what our turnover to wages ratio is. Will have been a welcome boost to have any increases in HSL payments and hopefully ones that are sustained.

[0762]

ouch!

https://twitter.com/aberdeenfc/status/1361023883281899521?s=21 (https://twitter.com/aberdeenfc/status/1361023883281899521?s=21)

sorry predictive text is crop. Cant seem to change the “Done” to “Dons”


McCormack showing his lack of experience in football here. 90% wages to turnover is financial suicide for a football club. Hope for the Don's fans he's got deep pockets.
You can see why they've shelved the New Stadium plans and why McInnes's coat is on a shoogly peg now - reality they probably can't afford to pay him up. Quick check online and his contracts until June 2022. If they're spending that much they should definitely have been pushing Celtic for 2nd given the season they've had.

Add to that they are one of the most boring teams in the league to watch. Style of football is eye bleeding.

[I'm Spartacus]

"We’ve never gone into administration or been liquidated"

Meow, makes you wonder what's going on if they're throwing that sort of line around in official statements!

[EI255]

Aberdeen glory years coming to an end. Club on a natural decline. Had a good 7/8 year run at it.And won nothing since 2014.

Sent from my LG-H870 using Tapatalk

[Jones28]

"We’ve never gone into administration or been liquidated"

Meow, makes you wonder what's going on if they're throwing that sort of line around in official statements!

Even mentioning that should sound alarm bells.

[basehibby]

Serves them right for gazumping most of the players we were trying to sign at start of season. Hell mend them, paying over the odds in wages to ensure they signed them & not us.

... and the season before that - and the season before that etc ...

[GreenCastle]

"We’ve never gone into administration or been liquidated"

Meow, makes you wonder what's going on if they're throwing that sort of line around in official statements!

I read it as a dig at Rangers and others ?

Who owns the dons stadium ?

Considering they claim to have 100,000 fans.. why are their ST sales always pretty low over the last few years ? I’m not saying they aren’t well supported but it’s odd - even if they moved to a new stadium - attendances could even go down if folk take to it.

[Viva_Palmeiras]

Even mentioning that should sound alarm bells.


Wonder if it’s a nudge to encourage those that can to up their donations...

[The Spaceman]

Wouldn’t gloat too much mind you. Our finances will be similarly awful this year. Only points of relative comfort for me are:

- We have more ST holders. However they have more income via AberDNA.
- We will have a smaller wage bill but probably not by much.
- We have had a couple of cup runs.
- We turned down a £3m bid for Nisbet, so thinking we must be comfortable enough to weather it out.

Third place is massive this year. For Hibs the prize money for Europa or Conference League will equate to c.50% of our usual annual turnover. That would be massive in offsetting this seasons losses. Chuck inevitable Nisbet and Porteous sales on top of that and we will probably be alright.

[3pm]

Not a fan of that ‘stand free’ nonsense.

Have they got anyone to sell? Lewis Ferguson maybe?

[The Modfather]

Their model clearly isn’t sustainable in normal times never mind now. They will have to cut back going forward which bodes well for us. Although they have taken in a good amount of money the last few windows for the likes of McKenna and Cosgrove so that should help in the short term you’d imagine.

[PatHead]

Wouldn’t gloat too much mind you. Our finances will be similarly awful this year. Only points of relative comfort for me are:

- We have more ST holders. However they have more income via AberDNA.
- We will have a smaller wage bill but probably not by much.
- We have had a couple of cup runs.
- We turned down a £3m bid for Nisbet, so thinking we must be comfortable enough to weather it out.

Third place is massive this year. For Hibs the prize money for Europa or Conference League will equate to c.50% of our usual annual turnover. That would be massive in offsetting this seasons losses. Chuck inevitable Nisbet and Porteous sales on top of that and we will probably be alright.

And we had insurance which helped cover wages during the lockdown

[Magpie]

McInnes has a year left on his contract, I wouldn’t be surprised if they kept him to see that out then looked elsewhere.

[Viva_Palmeiras]

Their model clearly isn’t sustainable in normal times never mind now. They will have to cut back going forward which bodes well for us. Although they have taken in a good amount of money the last few windows for the likes of McKenna and Cosgrove so that should help in the short term you’d imagine.


I’ve long argued that the football authorities have been asleep at the wheel. Consistently done little to promote sustainability.

they should introduce stress-tests like banks so clubs can show the impact if they had to rely on ST/gate-receipts.

[I'm Spartacus]

Even mentioning that should sound alarm bells.

That's what I thought! The big stadium sell off plan is a disaster now.


I read it as a dig at Rangers and others ?

Who owns the dons stadium ?

Considering they claim to have 100,000 fans.. why are their ST sales always pretty low over the last few years ? I’m not saying they aren’t well supported but it’s odd - even if they moved to a new stadium - attendances could even go down if folk take to it.

Yeah, but to me it sounds like a drunk desperate girlfriend screaming insults in the street because she knows there's bad news coming - or is that just me? :)

3rd place is vital obviously but the long term effect of stopping much needed cash for others cannot be underestimated.

[jgl07]

It has been a puzzle to me how Aberdeen manage to outspend Hibs on wages and transfers when their attendances are nowhere near what Hibs (and Hearts for that matter) have been achieving.

It has become very annoying that every time Hibs show interest in a particular player (eg Ross McCrorie) that Aberdeen appear out of the ether and gazump Hibs. This has been happening for years now.

I really hope that Aberdeen come to a sticky end. Not sufficient to put them out of business but enough to put them on a par with St Mirren and Kilmarnock.

[Lancs Harp]

It has been a puzzle to me how Aberdeen manage to outspend Hibs on wages and transfers when their attendances are nowhere near what Hibs (and Hearts for that matter) have been achieving.

It has become very annoying that every time Hibs show interest in a particular player (eg Ross McCrorie) that Aberdeen appear out of the ether and gazump Hibs. This has been happening for years now.

I really hope that Aberdeen come to a sticky end. Not sufficient to put them out of business but enough to put them on a par with St Mirren and Kilmarnock.

and Cove Rangers, the future of football in Aberdeen :wink:

[hibbyfraelibby]

"We’ve never gone into administration or been liquidated"

Meow, makes you wonder what's going on if they're throwing that sort of line around in official statements!

On another thread I was scoffed at for suggesting Cormack was no longer in a position to under-write Aberdeen from within his own resources. That statement should be ringing alarm bells loud and clear in the north east. They are on the brink as the liquidity has dried up. Imagine getting a 10pt deduction and being outside the top 6...

[CB Hibs 68]

It has been a puzzle to me how Aberdeen manage to outspend Hibs on wages and transfers when their attendances are nowhere near what Hibs (and Hearts for that matter) have been achieving.

It has become very annoying that every time Hibs show interest in a particular player (eg Ross McCrorie) that Aberdeen appear out of the ether and gazump Hibs. This has been happening for years now.

I really hope that Aberdeen come to a sticky end. Not sufficient to put them out of business but enough to put them on a par with St Mirren and Kilmarnock.Ditto.Never really could figure out how Aberdeens finances and turn over was so far ahead of Hibs given our respective Home attendances.The only factor I think was that they generated alot more than Hibs from Hospitality and corporate stuff. None of that is available to them courtesy of Covid so maybe that goes some way to explaining why they are struggling financially

[Greencore]

I wonder if they have more donations on their fan group then we do with HSL?

[Gordy M]

I read on here many times they could out bid us because they were better at business and had a board that could attract outside investment unlike our CEO or board.

[Jim44]

The administration and liquidation reference is definitely a dig at Rangers. The muppets on FF are pulling their hair out at it. :greengrin

[CropleyWasGod]

I wonder if they have more donations on their fan group then we do with HSL?

According to their statement, they get £700k from AberDNA. I don't know to what extent that affects their commercial income.

[neil7908]

Our own wage/turnover ratio will probably be well higher than the normal 60ish%. This is to be expected given the reduced income.

That's a good point actually. Do we know what it was pre Covid?

[The Spaceman]

And we had insurance which helped cover wages during the lockdown

Is that absolutely confirmed?

[Billy Whizz]

And we had insurance which helped cover wages during the lockdown

That was rumoured too, presume we’ll find out when accounts are released

[danhibees1875]

That's a good point actually. Do we know what it was pre Covid?

59%, it had been fairly consistent around there (a range of 54%-61%) for 5 years.

I can't think there would be much of a drop in wages for this year and if the early soundbites of halving our revenue come close to being true then we'll be over 100% ourselves.

[crash]

According to their statement, they get £700k from AberDNA. I don't know to what extent that affects their commercial income.

CWG.
Are these fan donations included in a clubs turnover figure?

[hibbysam]

59%, it had been fairly consistent around there (a range of 54%-61%) for 5 years.

I can't think there would be much of a drop in wages for this year and if the early soundbites of halving our revenue come close to being true then we'll be over 100% ourselves.

We scaled back our whole operation, the players deferred wages which weren’t then paid until this financial year, not sure when the cuts took effect but probably this year again. Majority of our revenues for last year would’ve been fine though as we only had 3 months (handful of home games) without revenues.

This year our revenues will have taken a hit, but season tickets are still in tact, and as stated above the wage cuts would’ve taken effect so I’d say we’d be nowhere near 100% wage to turnover.

[CropleyWasGod]

CWG.
Are these fan donations included in a clubs turnover figure?

Possibly 😂

I've not seen Aberdeen's accounts, so can't be sure how they do it. There's no prescribed way.

[CropleyWasGod]

In related news, Celtic make a loss of £6.5m in 6 months.

[danhibees1875]

We scaled back our whole operation, the players deferred wages which weren’t then paid until this financial year, not sure when the cuts took effect but probably this year again. Majority of our revenues for last year would’ve been fine though as we only had 3 months (handful of home games) without revenues.

This year our revenues will have taken a hit, but season tickets are still in tact, and as stated above the wage cuts would’ve taken effect so I’d say we’d be nowhere near 100% wage to turnover.

Not paying the wages would have helped our cash flow but we'd have accrued the expense into the 19/20 year regardless.

You're right though that the revenues shouldn't be greatly effected for the next set of accounts - a few games missed. I'm not sure how they'd have treated the 19/20 Scottish cup income.

As for the 20/21 year - were there wage cuts?

[banchoryhibs]

Possibly 😂

I've not seen Aberdeen's accounts, so can't be sure how they do it. There's no prescribed way.
AberDNA is a fan membership scheme run by the club and provides things like a football shirt to each member. They previously confirmed that due to VAT and the cost of stock etc only 50% of the monies paid in actually reaches the first team budget.

[nonshinyfinish]

In related news, Celtic make a loss of £6.5m in 6 months.

Any idea if that includes the Frimpong money?

[Caversham Green]

CWG.
Are these fan donations included in a clubs turnover figure?

I've had a quick at their 2019 accounts and unless I've missed it AberDNA isn't mentioned anywhere. It was set up in 2018 so presumably there was some income for 2019. In comparison Hearts show income from FOH as a donation alongside Benny's but that's probably because they are both pure donations whereas the AberDNA payments carry things like discount benefits. That suggests they would be included in commercial income which was £5.8m in 2019.

Aberdeen have reverted to a private Ltd company so they probably won't be showing a breakdown of turnover in the future.

[Billy Whizz]

Any idea if that includes the Frimpong money?

I’d be surprised, that was a recent transaction

[Caversham Green]

Any idea if that includes the Frimpong money?

It's a half-yearly statement up to 31 December so it won't include the Frimpong money.

[matty_f]

I would guess that most clubs are going to have wages to turnover ratios broadly similar to that unless they've managed to cut their cloth accordingly for Covid. Some clubs will have found that easier than others depending on what contracts they have had to honour.

[CropleyWasGod]

AberDNA is a fan membership scheme run by the club and provides things like a football shirt to each member. They previously confirmed that due to VAT and the cost of stock etc only 50% of the monies paid in actually reaches the first team budget.

Their statement says "700k net". I did wonder about the use of the word "net". Certainly VAT would be deducted, but I'm now thinking that maybe it's net of stock costs as well. If it's not, then their scheme is no better than ours.

Edit... if it is net of stock costs, that's £1.4m from their fans. That's similar to FOH.

[Caversham Green]

We scaled back our whole operation, the players deferred wages which weren’t then paid until this financial year, not sure when the cuts took effect but probably this year again. Majority of our revenues for last year would’ve been fine though as we only had 3 months (handful of home games) without revenues.

This year our revenues will have taken a hit, but season tickets are still in tact, and as stated above the wage cuts would’ve taken effect so I’d say we’d be nowhere near 100% wage to turnover.

They were wage deferments rather than cuts. That means the full amount would show as an expense in the earlier financial year and the unpaid proportion would be included in creditors in the Balance Sheet.

[Smartie]

I read on here many times they could out bid us because they were better at business and had a board that could attract outside investment unlike our CEO or board.

Aberdeen have been good in many ways at generating income. As a result, they'll have been comfortable seeing their cost base grow.

That becomes a problem when your income takes a tumble for whatever reason - in this case covid and fans not being allowed into grounds.

This will have been a massive test for all clubs in so many ways. As ever, being able to adapt will be the ability that sees the best clubs come through strongest.

[banchoryhibs]

We should be in an excellent position to rise above Aberdeen for the foreseeable future. The principal reason for this is this is that they need to invest heavily in new facilities, either at Pittodrie or elsewhere.
Regardless of sponsorships or partnership funding this will seriously impact upon their operating budget.
The downturn in the oil industry and Covid implications elsewhere will also make it much more difficult for them to sustain their previous levels of income.
We have Covid implications to deal with but the level of corporate income into our Club has previously been poor, this is something Ron is addressing so I'm optimistic that, at worse, it will remain the same.
These are hard times for all but, hopefully, we'll be able to drive forward - especially if we get 3rd place.

[hibbysam]

They were wage deferments rather than cuts. That means the full amount would show as an expense in the earlier financial year and the unpaid proportion would be included in creditors in the Balance Sheet.

They are now cuts though, which will be in next years accounts. The accounts due out from last June won’t be affected much as we were trading normally from July to mid March.

[Caversham Green]

They are now cuts though, which will be in next years accounts. The accounts due out from last June won’t be affected much as we were trading normally from July to mid March.

Yeah, you're right. The deferment only seems to have been in effect for a couple of months in the year to 30 June 2020 and most of that season was played normally. In my confusion, boredom or old age I was adding an extra year of deferments in there somewhere.

[worcesterhibby]

strange isn't it how things pan out. We may actually benefit from having had a crap commercial income for the last few years, as we won't have budgeted on it coming in, so with a high number of season ticket holders, we MAY be less affected than others financially. I'm sure our wages to turnover figure will still be scary, but I suspect it could have been a lot worse. If we secure 3rd place, sell Nisbet and Porto for a combined £5-6 million and do a good job of replacing them for £1 million combined before the start of next season, we will be in a VERY strong position to be challenging for 3/4th again next season as well as having an extended European adventure.

[brog]

I'm surprised at their season ticket numbers of £1.6m. 10,000 tickets should generate between £2 & £2.5m i would have thought. Im also not sure why they use the term 'net' here either. Any costs associated with season tickets would surely just be under the heading of admin, not set off against the income from ticket sales. I suspect he's reducing the true (gross) number to further emphasise the shortfall in income.

[One Day In Time]

They have ST income of only £1.6M? That's pretty damn poor for a club with 100K fans around the world. I can't remember seeing our figures anywhere but I'd wager it would be far in excess of that. I'd be very worried if I was a Dons fan.

[CropleyWasGod]

I'm surprised at their season ticket numbers of £1.6m. 10,000 tickets should generate between £2 & £2.5m i would have thought. Im also not sure why they use the term 'net' here either. Any costs associated with season tickets would surely just be under the heading of admin, not set off against the income from ticket sales. I suspect he's reducing the true (gross) number to further emphasise the shortfall in income.

Net of VAT?

So £1.6m is £1.9m from the fans. Still low, but you're maybe right about the "admin" costs.

Do ST holders get free or cut-price merchandise like the donors? It would be fair to deduct that cost.

[660]

They have ST income of only £1.6M? That's pretty damn poor for a club with 100K fans around the world. I can't remember seeing our figures anywhere but I'd wager it would be far in excess of that. I'd be very worried if I was a Dons fan.

They aren’t half as famous as they like to proclaim. Getting 10k home fans when you’re coasting to 3rd every season is piss poor.

[hibbysam]

They have ST income of only £1.6M? That's pretty damn poor for a club with 100K fans around the world. I can't remember seeing our figures anywhere but I'd wager it would be far in excess of that. I'd be very worried if I was a Dons fan.

The problem for them is that the majority of their fan base are central belt glory hunters, hence why they have huge away crowds but very poor home crowds.

[Onion]

McInnes has a year left on his contract, I wouldn’t be surprised if they kept him to see that out then looked elsewhere.

If he only has a year to go, they will buy that contract out at a fraction of his annual wage. He'll be free to find another club.

Looks like they took a big bet and put everything on paying fans being back at games in 2020, and finishing at least 3rd place. Hibs stealing their lunch would be a real body blow to them.

[Ardenttwo]

McCormack showing his lack of experience in football here. 90% wages to turnover is financial suicide for a football club. Hope for the Don's fans he's got deep pockets.
You can see why they've shelved the New Stadium plans and why McInnes's coat is on a shoogly peg now - reality they probably can't afford to pay him up. Quick check online and his contracts until June 2022. If they're spending that much they should definitely have been pushing Celtic for 2nd given the season they've had.

Add to that they are one of the most boring teams in the league to watch. Style of football is eye bleeding.

I read somewhere that McInnes is on a salary of £900,000 seems a lot for any club to sustain

[Coco Bryce]

I read somewhere that McInnes is on a salary of £900,000 seems a lot for any club to sustain

£750k a year according to my Dons mate in Aberdeen who wants him out !!

[007]

I read somewhere that McInnes is on a salary of £900,000 seems a lot for any club to sustain

It might have been my post on here you read saying it was rumoured to be that, based on Aberdeen fans saying he's on £17k per week.

[007]

I'm surprised at their season ticket numbers of £1.6m. 10,000 tickets should generate between £2 & £2.5m i would have thought. Im also not sure why they use the term 'net' here either. Any costs associated with season tickets would surely just be under the heading of admin, not set off against the income from ticket sales. I suspect he's reducing the true (gross) number to further emphasise the shortfall in income.

I'd guess it is related to the season tickets sold via AberDNA which I imagine is the majority of them. The fans get savings across a number of things so when reporting them they probably spread the discount between each.

https://www.afc.co.uk/aberdna/membership-options/

[PatHead]

Is that absolutely confirmed?

Been told by a very good source that a substantial payment was made. Obviously I can't tell you who.

[CropleyWasGod]

I'd guess it is related to the season tickets sold via AberDNA which I imagine is the majority of them. The fans get savings across a number of things so when reporting them they probably spread the discount between each.

https://www.afc.co.uk/aberdna/membership-options/

There's a wider issue with this IMO.

The fans who are the core... the ST holders/DNA donors... are likely to be the same ones who regularly buy strips. So, by offering strips/TV etc. at a discount to people who would normally willingly pay full-price, there's a potential loss of income.

The more I hear about their scheme, the less I think of it. It's always felt a bit counter-intuitive to me that Aberdeen fans are somehow more generous to their club than ours are. Without all of the actual numbers, it's impossible to tell, of course, but my gut feeling is that there will be very little difference in the net value to the clubs.

[ancient hibee]

If he only has a year to go, they will buy that contract out at a fraction of his annual wage. He'll be free to find another club.

Looks like they took a big bet and put everything on paying fans being back at games in 2020, and finishing at least 3rd place. Hibs stealing their lunch would be a real body blow to them.

Why would McInnes want to accept that?

[Onion]

Why would McInnes want to accept that?

Called a compromise, happens all the time in football and business when someone's services are no longer required.

[Since452]

Can't stand Aberdeen to be honest. Or their ***** accent. **** them.

[green day]

Called a compromise, happens all the time in football and business when someone's services are no longer required.

While many footballers take a deal on payoff, its usually because there is something else lined up.

In Mcinnes case he will be having a long time off without another gig to walk into.

Re compromises, any compromise agreement I have been aware of was not to the value of "a fraction of their salary". On the contrary, they were all for at least the full amount of redundancy, usually multiples of salary.

In these situations, the company is technically dismissing someone unfairly, and the "compromise" is in the form of money as agreed between lawyers.

Unless there is a break clause, Cormack is going to have to shell out a lot of money for DM and his backroom staff - because he could quite easily sit on his erchie at home for the rest of his contract if Cormack didnt want him involved in the management of the team.

[Onion]

While many footballers take a deal on payoff, its usually because there is something else lined up.

In Mcinnes case he will be having a long time off without another gig to walk into.

Re compromises, any compromise agreement I have been aware of was not to the value of "a fraction of their salary". On the contrary, they were all for at least the full amount of redundancy, usually multiples of salary.

In these situations, the company is technically dismissing someone unfairly, and the "compromise" is in the form of money as agreed between lawyers.

Unless there is a break clause, Cormack is going to have to shell out a lot of money for DM and his backroom staff - because he could quite easily sit on his erchie at home for the rest of his contract if Cormack didnt want him involved in the management of the team.


People are not made redundant, jobs are. The Aberdeen manager role won't disappear so DM won't be getting more than the remainder of his contract under some sort of redundancy package. It will be up to lawyers / parties to agree terms. Having someone go on garden leave for 12 months, or continuing to fail, suits no one so a deal is likely to get done. 9/10th is a fraction :greengrin. Aberdeen failing to get the lucrative 3rd place this season will be a financial shock for them, as could the impact on ST sales if DM remains in the job. Both of these will be fed into any decision to pay him off.

[ancient hibee]

Called a compromise, happens all the time in football and business when someone's services are no longer required.

If you think walking away for a fraction of your salary when you are under contract is either a compromise or happening all the time in football or in any other business you are very wide of the mark.

[mjhibby]

If he only has a year to go, they will buy that contract out at a fraction of his annual wage. He'll be free to find another club.

Looks like they took a big bet and put everything on paying fans being back at games in 2020, and finishing at least 3rd place. Hibs stealing their lunch would be a real body blow to them.

In fairness to Cormack I’m sure every club was planning with fans being back by the beginning of this year. The fact though that they have brought in over £5m in transfers and yet are struggling shows how much they have stretched themselves. This season and until we get crowds back is all about keeping your head above the water. It would be great to be third but making sure we still are viable when normality returns is surely every clubs main aim. They really seem desperate to be third but on current form seems unlikely but of course things cabn change quickly.
There is the govt loans of up to £2m available if necessary and I’m sure a lot of the spl clubs will be using that to ride them over. Given how poor their squad now is I’d be worried if I was a dons fan. This is where mcinnes needs to earn his very large salary. We shall see if he can turn it around. Time will tell.

[green day]

People are not made redundant, jobs are. The Aberdeen manager role won't disappear so DM won't be getting more than the remainder of his contract under some sort of redundancy package. It will be up to lawyers / parties to agree terms. Having someone go on garden leave for 12 months, or continuing to fail, suits no one so a deal is likely to get done. 9/10th is a fraction :greengrin. Aberdeen failing to get the lucrative 3rd place this season will be a financial shock for them, as could the impact on ST sales if DM remains in the job. Both of these will be fed into any decision to pay him off.

Just for clarity, I wasnt suggesting that his role was being made redundant.

The only reason I mention it at all is that you brought up compromise agreements, and I was relating this to what happens in "normal" jobs.

If they remove him, they 100% need to pay the contract in full, its that simple - unless DM decides to waive some of the money..............and why would he do that for a club that wants to bin him?

Hes no daft.

[Juniper Greens]

What tends to happen when football managers leave is that the club would honour their outstanding contract as a starting point.
Then if the manager gets a job elsewhere, a multiple of his new salary (often 1.3 to 1.5) is used to offset what his former club are due him.
Hibs saved a lot of money when Lennon got the celtic job, that they were otherwise due to continue paying to NL

[green day]

What tends to happen when football managers leave is that the club would honour their outstanding contract as a starting point.
Then if the manager gets a job elsewhere, a multiple of his new salary (often 1.3 to 1.5) is used to offset what his former club are due him.
Hibs saved a lot of money when Lennon got the celtic job, that they were otherwise due to continue paying to NL

Thats right.

To be clear tho, clubs are not honouring the contract out of some sense of duty, its what was written down and signed by both parties.

Again, its similar as in "normal" jobs in a redundancy process when people can be asked to leave immediately and get paid in lieu of notice period (say 3 months).

If you start a new job within a specified number of weeks that PILON should reduce accordingly.

[Since452]

I've always thought Aberdeen have been living dangerously financially. They outspend Hibs and Hearts and have done for a number of years with pitiful crowds. Finishing 2nd, 3rd and 4th for the last 8 seasons, always in Europe and their city with one club don't give a **** about them. It's always annoyed me. I know they've had investment etc but that cant go on forever. Any bad news for Aberdeen only benefits Hibs and that's all I care about. Oh and they can stick Ojo up their arse.

[Viva_Palmeiras]

I've always thought Aberdeen have been living dangerously financially. They outspend Hibs and Hearts and have done for a number of years with pitiful crowds. Finishing 2nd, 3rd and 4th for the last 8 seasons, always in Europe and their city with one club don't give a **** about them. It's always annoyed me. I know they've had investment etc but that cant go on forever. Any bad news for Aberdeen only benefits Hibs and that's all I care about. Oh and they can stick Ojo up their arse.

Aberdeen are quite annoying. We only have ourselves to blame but after sorting out the infrastructure we should really have been vying with them for 3rd but contrived to follow Hearts down. With Rangers out the picture we failed to reap the benefits of “completing” the infrastructure.

[Smartie]

Aberdeen are quite annoying. We only have ourselves to blame but after sorting out the infrastructure we should really have been vying with them for 3rd but contrived to follow Hearts down. With Rangers out the picture we failed to reap the benefits of “completing” the infrastructure.

The few years leading up to relegation were pretty unforgivable if the truth be told.

However - we are where we are. Since we were relegated there's been much more good than bad from Hibs, and we're starting to look like we're maybe now in a position to benefit from the graft and sacrifice put into getting that infrastructure together.

Onwards and upwards and I'm not too sure if there are many outstanding lessons that haven't already been hard learned.

Finding an adequate replacement for LD must be top of the to-do list.

[cocteautwin]

I've always thought Aberdeen have been living dangerously financially. They outspend Hibs and Hearts and have done for a number of years with pitiful crowds. Finishing 2nd, 3rd and 4th for the last 8 seasons, always in Europe and their city with one club don't give a **** about them. It's always annoyed me. I know they've had investment etc but that cant go on forever. Any bad news for Aberdeen only benefits Hibs and that's all I care about. Oh and they can stick Ojo up their arse.

For all their extra money spent Aberdeen have only won 1 trophy in 25 years. They are vying with Hearts (£30m+, no trophies since Admin) for the biggest amount of money wasted for zero or not much return.

[Magpie]

For all their extra money spent Aberdeen have only won 1 trophy in 25 years. They are vying with Hearts (£30m+, no trophies since Admin) for the biggest amount of money wasted for zero or not much return.

And the only season it looks highly likely that finishing top 3 will guarantee the group stages of a European competition they are hitting their worst patch of form.

[cocteautwin]

And the only season it looks highly likely that finishing top 3 will guarantee the group stages of a European competition they are hitting their worst patch of form.

2 pumpings from Celtic in the next 11 days would be useful.

[Magpie]

2 pumpings from Celtic in the next 11 days would be useful.

Would be ideal.

[Since452]

They've still got a stadium to build too. Seems to have gone very quiet on that front.

[Billy Whizz]

They've still got a stadium to build too. Seems to have gone very quiet on that front.

Don’t think they are going ahead with the out of town one
Think the local council have put a proposal to regenerate the beach area, and keep them down that way, but maybe a slightly different location

[King Cosell]

Did they really pay 800k for Roland Hernandez? Anyway, he's off to Atlanta United on loan.

[Since452]

Don’t think they are going ahead with the out of town one
Think the local council have put a proposal to regenerate the beach area, and keep them down that way, but maybe a slightly different location

Sounds a much better idea than the out of town one

[Billy Whizz]

Sounds a much better idea than the out of town one

Much better for their fans

[Stuart93]

Don’t think they are going ahead with the out of town one
Think the local council have put a proposal to regenerate the beach area, and keep them down that way, but maybe a slightly different location

Yep also seen that council are willing to put cash into the building of a new stadium for them. Which seems unfair.

[Peevemor]

Yep also seen that council are willing to put cash into the building of a new stadium for them. Which seems unfair.Really? Is there talk of athletics too?

[Barney McGrew]

Really? Is there talk of athletics too?

Therea already a very good athletics facility as part of the Sports Village, which has been used for national and district championships

[monarch]

Yep also seen that council are willing to put cash into the building of a new stadium for them. Which seems unfair.
That’s the advantage of a one team town. You can’t have a council favouring one team above others where more than one team exists in the city.

Oh wait. :faf:

[CentreLine]

That’s the advantage of a one team town. You can’t have a council favouring one team above others where more than one team exists in the city.

Oh wait. :faf:

Yeh you called it. Tell that to CEC 😖

[jgl07]

McCormack showing his lack of experience in football here. 90% wages to turnover is financial suicide for a football club.

I don't know? Hearts were running at 150% at one stage and they were alright.

Oops forgot what happened.

[ian cruise]

Don’t think they are going ahead with the out of town one
Think the local council have put a proposal to regenerate the beach area, and keep them down that way, but maybe a slightly different location

Where would that be, I can't think of anywhere on the beach front there is space unless they rip up the links?

Not doubting your info by the way, I just can't picture where they would build.

Edit - just googled it, where the Double Tree Hilton is/was. Not a huge upgrade to the current location in regards to space and access. I suspect they'll still move out of town.

[Dalianwanda]

Where would that be, I can't think of anywhere on the beach front there is space unless they rip up the links?

Not doubting your info by the way, I just can't picture where they would build.

Edit - just googled it, where the Double Tree Hilton is/was. Not a huge upgrade to the current location in regards to space and access. I suspect they'll still move out of town.

But if the council are involved too they may be getting some sweetners to be part of it...What ever happens its months away even in the discussion stage according to the council spokesperson